Oracle (ORCL) FY2015 results: revenue $38.2 billion, down 0.1% on the year
Oracle Corp. (ORCL) reported revenue of $38.2 billion for fiscal 2015, the year ended 31 May 2015, down 0.1% on the year before. Net income was $9.9 billion, down 9.3%, and diluted earnings per share $2.21. The figures are the company's own, from the 10-K it filed with the SEC on 25 June 2015.
Revenue
$38.2 billion
-0.1% on the year
FY2008FY2015
Operating margin
36.3%
38.6% a year earlier
FY2008FY2015
Net income
$9.9 billion
-9.3% on the year
FY2008FY2015
Diluted EPS
$2.21
-7.1% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
38,226
38,275
37,180
-0.1%
Cost of revenue
2,929
2,954
3,182
-0.8%
Gross profit
23,709
35,321
33,998
-32.9%
Gross margin
62.0%
92.3%
91.4%
Research and development
5,524
5,151
4,850
+7.2%
Operating income
13,871
14,759
14,684
-6.0%
Operating margin
36.3%
38.6%
39.5%
Interest expense
1,143
914
797
+25.1%
Pre-tax income
12,834
13,704
13,898
-6.3%
Income tax
2,896
2,749
2,973
+5.3%
Effective tax rate
22.6%
20.1%
21.4%
Net income
9,938
10,955
10,925
-9.3%
Net margin
26.0%
28.6%
29.4%
Diluted EPS
$2.21
$2.38
$2.26
-7.1%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
14,580
14,921
14,224
-2.3%
Capital expenditure
1,391
580
650
+139.8%
Free cash flow
13,189
14,341
13,574
-8.0%
Free cash flow margin
34.5%
37.5%
36.5%
Cash from investing
n/a
n/a
-5,956
Cash from financing
n/a
n/a
-8,500
Depreciation and amortisation
2,861
2,908
2,931
-1.6%
Share-based compensation
933
805
755
+15.9%
Buybacks
8,087
9,813
11,021
-17.6%
Dividends paid
2,255
2,178
1,433
+3.5%
Dividend per share
$0.51
$0.48
$0.30
+6.3%
Diluted shares, weighted
4,503m
4,604m
4,844m
-2.2%
Shares outstanding at period end
4,343m
4,464m
4,646m
-2.7%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
48,663
46,878
44,648
+3.8%
Non-controlling interest
435
569
497
-23.6%
Debt
41,958
24,097
18,494
+74.1%
Other liabilities
19,847
18,800
18,173
+5.6%
Total liabilities and equity
110,903
90,344
81,812
+22.8%
Fixed assets
3,686
3,061
3,053
+20.4%
Goodwill
34,087
29,652
27,343
+15.0%
Intangible assets
6,406
6,137
6,640
+4.4%
Investments
32,652
21,050
17,603
+55.1%
Cash and equivalents
21,716
17,769
14,613
+22.2%
Receivables
5,618
6,087
6,049
-7.7%
Inventory
314
189
240
+66.1%
Other assets
6,424
6,399
6,271
+0.4%
Total assets
110,903
90,344
81,812
+22.8%
10-K for the year ended 31 May 2015, filed 25 June 2015: the filing.